Market scale and future development trend of building lighting industry in China

With the development of economy, the market scale of China's building lighting industry is constantly expanding, and the development of the industry is ushering in an unstoppable era.

According to the 2023-2029 China building lighting market status analysis and development prospect forecast report published by Market Research online, the market size of China building lighting industry reached 11305 billion yuan in 2015, increased to 124.35 billion yuan in 2016, and increased to 137.31 billion yuan in 2017. It grew to 152.06 billion yuan in 2018 and 168.89 billion yuan in 2019. The data show that the market size of China's building lighting industry is growing rapidly.

At the same time, the government encourages technological innovation to improve the product quality of the lighting industry and enhance the core competitiveness of the industry. The government has introduced a series of incentive policies to help enterprises develop technological innovation, support enterprises to invest in research and development funds, and promote technological innovation in the industry.

With the development of technology, the building lighting industry has continuously improved the energy saving performance of lighting fixtures, realized remote control, and improved the performance of lighting fixtures. The technical content of building lighting industry is getting higher and higher, and the quality of lighting is also getting higher and higher, which brings more space for the development of lighting market.

In addition, the policies of the building lighting industry are also very supportive. The government has issued a series of policies to promote the technological innovation of the building lighting industry, support enterprises to conduct research and development, and promote the development of the industry. At the same time, the government has also introduced a series of energy-saving and emission reduction policies to promote energy conservation, improve the energy-saving performance of the lighting industry, and establish the corresponding lighting industry standards, in order to improve the quality of the industry.

In a word, the market size of China's building lighting industry has been growing, technological innovation has been improved, energy conservation and emission reduction policies have been improved, and the industry competitiveness has been continuously enhanced. In the future, China's building lighting industry will usher in more prosperous development opportunities.